Only 24% of consumers think now is a good time to buy a house, according to Fannie Mae’s latest National Housing Survey conducted in March.

Homebuyer Sentiment Hits All-Time Low

According to the latest monthly National Housing Survey conducted by Fannie Mae in March, only 24% of consumers think that now is a good time to buy a house.  This 24% represents the all-time low in homebuyer sentiment ever recorded by Fannie Mae since 2010.

To exacerbate this all-time low consumer sentiment regarding homebuying, an eye-popping 73% of consumers think the economy is on the wrong track. In addition, a survey-high of 25% of consumers anticipate that their financial “situations” will worsen over the next 12 months.


Please choose one answer:

1) I am ready to join EXP Realty. 

2) I am interested in EXP Realty and need more info. 

3) I am not interested in EXP Realty. 


* If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please)

* If you answered “#2” please watch the videos and check out the other intel on this site. . 

* If you answered ‘#3’ no worries. You will want to check out so you can at least know what EXP Realty is and why so many agents are moving to EXP. 

Consumer Pessimism Translates into Forecasts of Reduced Home Sales

Fannie Mae Deputy Chief Economist Mark Palim said that slouching consumer sentiment “…will likely diminish mortgage demand from move-up buyers – and fewer move-up buyers mean fewer available entry-level homes – adding to the rising-rate challenges for potential first-time homebuyers.  If consumer pessimism toward homebuying conditions continues and the recent mortgage rate increases are sustained, then we expect to see and even greater cooling of the housing market than previously forecast.”

In a March 10 Fannie Mae forecast that we reported on several weeks ago, Fannie’s economists predicted that existing home sales will drop to 6.6M, a dip of -4.1%.  Fannie’s economists simultaneously projected an increase of +12.3% in new home sales.  This projected growth in new home sales is expected to compensate for Fannie’s anticipated drop in existing home sales.

Home Purchase Sentiment Index Down

Fannie Mae’s Home Purchase Sentiment Index dropped -2.1% to 73.2 in March.  This latest drop in the HPSI represented a drop of -8.5 points y/y.

Four factors contributed to the net decreases in Fannie’s HPSI:  buying conditions, job loss concerns, home price outlook and mortgage rate outlook.

Two factors of the HPSI were positives: selling conditions and change in household income.

URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register

P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available. 

Thanks to Fannie Mae and Inman.

Claim Your FREE Real Estate Treasure Map!